> When you cash a cheque, do you earn interest on it immediately or do
> > you have to wait for it to clear (or does this depend on your bank)? >
> I take it you mean *bank* a cheque.
>
> Banks seem to require the cheque to clear - say 4 days - before paying
> interest. However, Egg pays interest before it clears.
I haven't checked recently, but I think you'll find paying interest from the date of deposit (or the day after) is quite usual.
Tim
> Rob Graham
>
>